experiment, we study behavior in a contract farming game without third-party enforcement but with an external spot market as … outside option. Two players, farmer and company, may conclude a contract but also breach it by side-selling or arbitrary … payment reductions. We examine if and how relational contracts and personal communication can support private …

Although there is a lot of evidence for the positive welfare effects of contract farming, it is not clear how to …. While Contract Farming is a formal institutional arrangement, the institutional environment of developing countries is … in developing countries, lead to a situation where contract enforcement is reduced or not possible at all. Hence... …

. We study the role of trust, risk and time preferences for farmers' contract choices in a discrete choice experiment among … contract attributes. Especially trust has economically important effects on the willingness to pay for transparent quality … diversification of contract offers might increase the willingness of farmers to participate in contract farming. This has implications …